Settings8H · net · $10k
Funding arb · Price arb /

BNB

all BNB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0295%/8h= +32.3% APRnext payment +$0.37 per $10,000 · paid last 24h +0.071%
Price spread now: Pacifica against GMX−0.041%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding pays, the price is against you. Pacifica is 0.041% cheaper against GMX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX BNB/USD [WBTC.b-USDC]803.00L −0.0195% / S +0.0371%get 0.0024% / 1h38m 25s$48K200x
ShortPacifica BNB802.670.0100get 0.0013% / 1h38m 25s$1.2M$923K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$61.89
Price spread: −0.041% → 0.000%
−$4.09
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$37.79
Costs to cover
0.200%
Break-even
2.7 days
Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Pacifica live order book, 1 min ago1.50 bp5.6 bp −$6doesn't fitdoesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX BNB/USD [WBTC.b-USDC]longL −0.0195% / S +0.0371%1h803.00long leg$48K200x
Hotstuff BNB-PERP−0.0080%1h802.88−0.015%$4K$1K25xas long as short
GRVT BNB_USDT_Perp0.0000%8h803.28+0.036%$3.0M$29.7M10xas long as short
Kalshi KXBNBPERP0.0000%8h803.20+0.025%$112K$2.5M4.8xas long as short
StandX BNB-USD0.0000%1h803.58+0.073%$868K$3.0M30xas long as short
gTrade (Gains Network) BNB/USDL +0.0008% / S −0.0007%1h803.03+0.004%$9.8M150xas long as short
Kraken Futures PF_BNBUSD+0.0038%1h802.12−0.109%$2.5M$910K50xas long as short
Variational Omni BNB+0.0055%8h802.35−0.080%$4.0M$5.4Mas long as short
BingX BNB-USDC+0.0062%8h802.83−0.021%$13.3Mas long as short
Bybit BNBUSDT+0.0080%8h802.41−0.073%$138.7M$82.5M75xas long as short
Show all 46 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BNBUSDT+0.0086%8h803.08+0.010%$6.4M$18.8M200xas long as short
Coinbase International BNB-PERP-INTX+0.0088%1h803.99+0.124%$608K$878K50xas long as short
Lighter BNB+0.0096%1h802.56−0.055%$2.8M$4.2M20xas long as short
Nado BNB-PERP+0.0100%1h802.34−0.082%$1.4M$2.8M20xas long as short
Pacifica BNBshort+0.0100%1h802.67−0.041%$1.2M$923K20x
OKX BNB-USDT-SWAP+0.0100%8h802.80−0.024%$55.1M$115.3M50xas long as short
Arcus BNB-USD+0.0100%1h802.80−0.024%$52K$161K10xas long as short
Gate BNB_USDT+0.0100%8h802.70−0.037%$35.9M$58.4M75xas long as short
KuCoin BNBUSDTM+0.0100%8h802.43−0.071%$28.1M$10.5M75xas long as short
Bitget BNBUSDT+0.0100%8h802.40−0.074%$78.9M$24.5M75xas long as short
edgeX BNBUSDC+0.0100%4h803.51+0.064%$4.2M$76.8M30xas long as short
ApeX Omni BNBUSDT+0.0100%1h803.43+0.054%$158K$438K50xas long as short
Polymarket Perps BNB-USD+0.0100%1h802.58−0.052%$118K$868K10xas long as short
Orderly PERP_BNB_USDC+0.0100%8h803.07+0.009%$388K$593K50xas long as short
Derive BNB-PERP+0.0100%1h802.45−0.068%$32K$5K10xas long as short
SunX BNB-USDT+0.0100%8h802.92−0.009%$13K$1.7M50xas long as short
Deribit BNB_USDC-PERPETUAL+0.0100%1h802.78−0.027%$1.6M$165K25xas long as short
HTX BNB-USDT+0.0100%8h802.64−0.044%$8.2M$7.4M75xas long as short
Paradex BNB-USD-PERP+0.0100%8h803.23+0.029%$78K$19K50xas long as short
MEXC BNB_USDT+0.0103%8h803.80+0.100%$84.3M$13.6M200xas long as short
Binance BNBUSDT+0.0103%8h803.59+0.074%$518.2M$803.1M75xas long as short
Extended BNB-USD+0.0104%1h802.74−0.032%$1.9M$6.1M50xas long as short
Aevo BNB-PERP+0.0104%1h803.28+0.035%$386K$40K10xas long as short
SoDEX BNB-USD+0.0117%1h802.30−0.087%$395K$1.0M10xas long as short
Phemex BNBUSDT+0.0122%8h802.86−0.017%$70.0M$51.7M50xas long as short
Phoenix BNB+0.0125%1h803.50+0.063%$173K$35K10xas long as short
Hyperliquid BNB+0.0149%1h803.40+0.050%$51.6M$21.3M10xas long as short
Bulk BNB-USD+0.0194%1h803.61+0.076%$649K$11K10xas long as short
RISEx BNB/USDC+0.0209%1h802.93−0.008%$1.1M$1.4M20xas long as short
BloFin BNB-USDT+0.0223%8h802.88−0.015%$18.8M$3.1M75xas long as short
Hibachi BNB/USDT-P+0.0256%1h802.85−0.018%$71K$49K12xas long as short
dYdX BNB-USD+0.0259%1h802.24−0.094%$170K$55K10xas long as short
01 Exchange BNBUSD+0.0312%1h803.37+0.046%$28K$1K10xas long as short
Reya BNBRUSDPERP+0.0334%1h802.56−0.054%$6K$3K40xas long as short
Injective BNB/USDC PERP+0.0353%1h804.92+0.240%$19K$526K30xas long as short
Backpack BNB_USDC_PERP+0.0680%1h803.34+0.043%$3.0M$5.3M40xas long as short